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Log in to your Yola Mail account.
Under "Settings", click on "Mail".
Select the "Signature" tab.
Copy and paste this HTML code:
<img src="http://mysite.com/resources/image.jpg">
where you'd like your logo to appear (e.g., next to your existing signature).
The URL of your image file in Yola will look like this: http://mysite.com/resources/image.jpg
If you have stored your image in a folder within your File Manager, you will need to add that folder to the URL and it would look something like this: http://mysite.com/resources/folder/im...
Remember to replace "mysite.com" with your site address, "folder" with your folder's name and "image.jpg" with your file's name.
Check the "Enable Signature" tick box.
Click "Save".

To view these changes, create a new message and your logo will be displayed in your signature.

Awesome! It worked. Thank-you so much. Just as a follow up for anyone trying it... I used the folder method (see below if you're not sure how to do that). I had to put www. in front of where I replaced "mysite" with my actual site name. I also had to unclick "Enable Signature" and reselect it again, then save. It also took a few minutes for it to start showing up. At first, it was just a little box with a question mark, but after 2 or 3 minutes it finally began showing up. And the best size for the graphic to not be so big and overtake everything, was around 225px wide.

To use the folder method: Go to your Yola website as if you were going to edit it. At the top, select "Site" and then select "File Manager". I clicked on "New Folder" and created a new folder that I called "SignaturePhoto". I selected this new folder and then uploaded the jpg I wanted to use, into that folder. I closed that box and hit "Publish to the Web" just in case. Then, I went back to my mail settings, and when I typed the HTML into the signature box, I used the code template above, but replaced the URL with something that it looked like this: